Alpha Namibia Industries Renewable Power Limited (ANIREP) has announced its intention to acquire a 45% equity stake in Independent Power Producer (IPP) CERIM L\u00fcderitz Energy.<\/p>\n\n\n\n
ANIREP will purchase 30% from Allied Worldwide Trading Limited and 15% from Riminii Investment for a combined sum of N$60 million. The acquisition will be subject to fulfillment of several conditions including approval from the Electricity Control Board (ECB) and the Namibia Power Corporation (NamPower).<\/p>\n\n\n\n
In addition, ANIREP will conduct its due diligence, including the execution of definitive agreements.<\/p>\n\n\n\n
The wind power plant is located 17km south of L\u00fcderitz in the \u01c1Karas Region.<\/p>\n\n\n\n
\u201cWith the CERIM project, ANIREP\u2019s renewable energy portfolio will exceed 90 MWp by the project\u2019s commercial operation date, addressing Namibia\u2019s energy challenges and contributing to national renewable energy targets,\u201d says Managing Director Iyaloo Ya Nangolo.<\/p>\n\n\n\n
\u201cWith a projected annual wind availability of 4,300 hours\u2014well above the industry average of 2,500\u20133,000 hours\u2014it presents a compelling investment in clean, reliable energy. It aligns with the goals of the Namibia Integrated Resource Plan and the Fifth National Development Plan (NDP5) to expand installed capacity to 755 MW by 2022\/23 and source at least 70% of energy from renewable energy sources by 2030,\u201d he said.<\/p>\n\n\n\n
The acquisition of a stake in the N$1.4 billion wind project will cause ANIREP\u2019s expansion in the wind energy sector and help complete existing solar initiatives.<\/p>\n\n\n\n
It will also contribute immensely towards local economic employment creation as semi-skilled and unskilled labour during the construction period will be sourced from within the \u01c1Karas Region.<\/p>\n\n\n\n
The CERIM L\u00fcderitz Energy project includes the development of 743 hectares of land into a power-generating facility and the construction of a 40km, 132kV transmission line to evacuate power to the Namib substation.<\/p>\n\n\n\n
The project is supported by a 25-year power purchase agreement (PPA) with NamPower, environmental clearance certificate, and a transmission connection agreement.<\/p>\n\n\n\n
The IPP power project forms part of NamPower\u2019s planned generation projects under its Integrated Strategy and Business Plan (ISBP) for the period 2020 – 2025. The ISBP outlines the company\u2019s strategic focus, which includes the prioritisation of local renewable resources over the five years (2020-2025) in line with the Ministry of Mines and Energy\u2019s determination on the development of generation capacities.<\/p>\n\n\n\n
\u201cConsidering the power supply situation in the Southern African Power Pool, the commissioning of this project, come July 2025, will displace 50MW of imports which is a step in the right direction. This project will contribute significantly to our supply portfolio when combined with other generation projects that forms part of the ISBP,\u201d said NamPower Managing Director Kahenge Simson Haulofu during the commissioning of the project.<\/p>\n","protected":false},"excerpt":{"rendered":"
Alpha Namibia Industries Renewable Power Limited (ANIREP) has announced its intention to acquire a 45% equity stake in Independent Power Producer (IPP) CERIM L\u00fcderitz Energy. ANIREP will purchase 30% from Allied Worldwide Trading Limited and 15% from Riminii Investment for a combined sum of N$60 million. The acquisition will be subject to fulfillment of several<\/p>\n","protected":false},"author":1,"featured_media":626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[31,33],"class_list":["post-625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy-news","tag-energy-news","tag-latest-news"],"_links":{"self":[{"href":"https:\/\/etangonam.com\/index.php?rest_route=\/wp\/v2\/posts\/625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/etangonam.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/etangonam.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/etangonam.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/etangonam.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=625"}],"version-history":[{"count":1,"href":"https:\/\/etangonam.com\/index.php?rest_route=\/wp\/v2\/posts\/625\/revisions"}],"predecessor-version":[{"id":627,"href":"https:\/\/etangonam.com\/index.php?rest_route=\/wp\/v2\/posts\/625\/revisions\/627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/etangonam.com\/index.php?rest_route=\/wp\/v2\/media\/626"}],"wp:attachment":[{"href":"https:\/\/etangonam.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/etangonam.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/etangonam.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}